Departure comes after the sharp rebound in commodity prices last year

LONDON—Anglo American PLC said Tuesday that its chairman, John Parker, plans to step down from the company’s board later this year.

His departure marks the end of a tumultuous eight-year tenure that saw the company navigate a China-fueled commodity boom followed by a dramatic bust that threatened to reshape Anglo American, one of the world’s largest mining companies. Rattled by billions in losses, the company in late 2015 rolled out a sweeping restructuring plan that involved the sale of dozens of businesses and the elimination...